Author

Topic: My PayPal for your BTC/Doge/Eth/USDT (Read 157 times)

hero member
Activity: 2338
Merit: 757
November 21, 2021, 08:51:09 AM
#10
Also keep in mind after Jan 1st 2022 PayPal will being issuing 1099-K tax forms for anyone who receives more then $600 in funds unless it's tagged as friends and family. So if they are paying for work as goods and services and you are moving the money around there could be tax implications to think about.

https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered

Do you really want to be the one on the hook for Federal & State taxes for the amounts that your friend needs to move around?

-Dave
Thanks for sharing this info. It seems that a lot of complexities come with PP deals.
The only one i contacted was rdbase and he was so helpful letting me understand the situation.
I have also concluded that acting as an intermediary may get me in trouble if the sender (the company in this case) has any problem with his funds in PayPal.

This offer is closed and i am locking the thread.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
November 20, 2021, 02:29:35 PM
#9
Also keep in mind after Jan 1st 2022 PayPal will being issuing 1099-K tax forms for anyone who receives more then $600 in funds unless it's tagged as friends and family. So if they are paying for work as goods and services and you are moving the money around there could be tax implications to think about.

https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered

Do you really want to be the one on the hook for Federal & State taxes for the amounts that your friend needs to move around?

-Dave
hero member
Activity: 2338
Merit: 757
November 20, 2021, 02:21:36 PM
#8
After a chat with coupable it seems neither him or the one who has the paypal to send, does not know how paypal works and the fees incorporated in having their paypal funds sent to somebody in a different country other than their own.
Also the fact paypal does not allow the transfer of funds for bitcoin or any other cryptocurrency on their platform as a result can have your account banned and funds seized in the recipient's account.
So of course their are risks involved especially for the one who is accepting the funds.
In order to mitigate these factors and anything associated with those repercussions 180 days later (all paypal user who have dealt with paypal knows of this waiting period) I have asked for a rate inwhich the seller of their paypal is not ready to accept.
This is fine. From what I have mentioned to coupable in this chat.
As I am not ready to have my paypal account and/or funds in peril by just in helping someone out of their situation.
I have spoke to many paypal customers who have had their account suddenly banned and their funds frozen in their accounts for no reason.
I think I read here on the forums of somebody saying they have had their account for 15 years and then all the sudden out of nowhere last week their account was banned to use. They might have had a note on one of the transfers mention something about bitcoin/crypto as a trade, or something stupid like this and paypal have been auditing transactions on their platform searching for these keywords.
So I would warn anyone to be wary in doing a deal with anyone they are not familiar with.
That being said, I will accept this high risk activity only if at my rate put forward since this would allow me to have this as a cushion to fall back on if something goes a rye with my account.
Thanks for your reply. I will reach to you upon the decision from my friend.
My friend succeeded already to find someone locally ready to buy 1300$, the receiver said he only received 1180$ because of the conversion from dollar to euro. This fee for conversion was definetly unexpected after the buyer accepted to pay the full amount he will receive in his balance.
After chat with rdbase (was a nice conversation), i realised how things work with using paypal for trade. I think PayPal is one of riskiest way ever made if the account maybe blocked at anytime for a reason or another. I read that they support is even more worst.
It seems that my friend has no options but to accept to pay all fees that come with the transaction. If anyone have a better solution or a way to suggest for the company to pay for friend, i will really appreciate this.
legendary
Activity: 2828
Merit: 1497
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November 20, 2021, 08:14:18 AM
#7
After a chat with coupable it seems neither him or the one who has the paypal to send, does not know how paypal works and the fees incorporated in having their paypal funds sent to somebody in a different country other than their own.
Also the fact paypal does not allow the transfer of funds for bitcoin or any other cryptocurrency on their platform as a result can have your account banned and funds seized in the recipient's account.
So of course their are risks involved especially for the one who is accepting the funds.
In order to mitigate these factors and anything associated with those repercussions 180 days later (all paypal user who have dealt with paypal knows of this waiting period) I have asked for a rate inwhich the seller of their paypal is not ready to accept.
This is fine. From what I have mentioned to coupable in this chat.
As I am not ready to have my paypal account and/or funds in peril by just in helping someone out of their situation.
I have spoke to many paypal customers who have had their account suddenly banned and their funds frozen in their accounts for no reason.
I think I read here on the forums of somebody saying they have had their account for 15 years and then all the sudden out of nowhere last week their account was banned to use. They might have had a note on one of the transfers mention something about bitcoin/crypto as a trade, or something stupid like this and paypal have been auditing transactions on their platform searching for these keywords.
So I would warn anyone to be wary in doing a deal with anyone they are not familiar with.
That being said, I will accept this high risk activity only if at my rate put forward since this would allow me to have this as a cushion to fall back on if something goes a rye with my account.
hero member
Activity: 2338
Merit: 757
November 19, 2021, 10:56:38 AM
#6
I highly doubt that an employer will split somebodies wage when they send them out.
I have contacted coupable and it looks like we are talks of doing this.
Having done this with another member on the forum just recently they do seem to settle these freelancer payments in USD(as OP has already mentioned)
So unless you want to pay the conversion rate for paypal to do this towards the recipients account, then it is best to do it with someone who takes it in the form they are making those payments out in the selected currency.

That sounds very logical and indeed is the best way to do it (regarding fees and etc). Besides, as I said, I can't take the whole amount and for sure I can't do it for a long time.
In any case and since you are already "on the move" for this deal, I wish the best for both of you and to have honest and fair trades. Cheers. Cool
Thank you Condoras.
Actually i am trying to contact with rdbase. I will contact you if i not getting a deal with him.

Edit : I made this edit after contacting rdbase. Please note that i am not exchanging 2400$ PayPal for 1200$ BTC. I can ensure 2400$ for now and 1200$ in every month (salary by month). I am not mentioning any rate here. Please contact me your offers based on those info.
legendary
Activity: 3038
Merit: 1104
This is what I do. I drink and I know things.
November 19, 2021, 09:24:21 AM
#5
I highly doubt that an employer will split somebodies wage when they send them out.
I have contacted coupable and it looks like we are talks of doing this.
Having done this with another member on the forum just recently they do seem to settle these freelancer payments in USD(as OP has already mentioned)
So unless you want to pay the conversion rate for paypal to do this towards the recipients account, then it is best to do it with someone who takes it in the form they are making those payments out in the selected currency.

That sounds very logical and indeed is the best way to do it (regarding fees and etc). Besides, as I said, I can't take the whole amount and for sure I can't do it for a long time.
In any case and since you are already "on the move" for this deal, I wish the best for both of you and to have honest and fair trades. Cheers. Cool
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
November 19, 2021, 08:34:25 AM
#4
I highly doubt that an employer will split somebodies wage when they send them out.
I have contacted coupable and it looks like we are talks of doing this.
Having done this with another member on the forum just recently they do seem to settle these freelancer payments in USD(as OP has already mentioned)
So unless you want to pay the conversion rate for paypal to do this towards the recipients account, then it is best to do it with someone who takes it in the form they are making those payments out in the selected currency.
legendary
Activity: 3038
Merit: 1104
This is what I do. I drink and I know things.
November 19, 2021, 05:27:13 AM
#3
Having done several paypal transfers here with forum members, I can do this. But only if they are sending USD.

I'm more than sure that if the company is based in the US (as it's been said in the explanation thread), the payment will definitely be in USD. Wink
@coupable: If though you find it hard to find someone since PayPal isn't (by fact) the best way for such trades, I might help but not for the whole amount. Plus that I can take EUR instead of USD and I can't do this eternally. By the way, for how long these payments will occur? Undecided
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
November 18, 2021, 05:46:20 PM
#2
Having done several paypal transfers here with forum members, I can do this. But only if they are sending USD.
I would not want to be paid in foreign funds and then needing to do an exchange into a currency I can use for my future payments.
So just need to clarify the percentage you are talking about inorder to complete these payments and for how long.

PM me as I have no issue with contacting you for further information inregards to this the reason being I recognize you from the last campaign I was in.
So we have some history in that regards.
hero member
Activity: 2338
Merit: 757
November 18, 2021, 03:57:27 PM
#1
What I want : exchange a monthly salary from PayPal to BTC (major cryptos are also accepted) so i can cash them out in my country which is not supported by PayPal.
Why i use this method : Check this topic.

Actually i can send about 2500$ PayPal, then i will get 1200$ every month.

I am looking for sellers among trusted forum users.
I have no problem discussing details in private or here in public.
I also have no problem using an escrow from trusted bitcointalk escrows.

The topic is self-moderated to avoid spam posts.
I will need delete any contructive post.
I will not reply to messages sent by newbies. I don't also think that i will get a deal with any newbie.

Please reply here before using PM.
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